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Brookfield Business Partners LP (BBU_u.TO)

BBU_u.TO on Toronto Stock Exchange

52.92CAD
19 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Westinghouse Plan Of Reorganization Confirmed
Tuesday, 27 Mar 2018 01:56pm EDT 

March 27 (Reuters) - Westinghouse Electric Company::WESTINGHOUSE PLAN OF REORGANIZATION CONFIRMED.SAYS OBTAINED APPROVAL FROM U.S. BANKRUPTCY COURT OF CO'S PLAN OF REORGANIZATION​.SAYS ‍SALE TO BROOKFIELD BUSINESS PARTNERS EXPECTED TO CLOSE IN Q3 2018.  Full Article

BGIS Will Not Proceed With Carillion Agreement
Thursday, 8 Mar 2018 08:06am EST 

March 8 (Reuters) - BGIS::BGIS PROVIDES UPDATE ON UK TRANSACTION.SAYS AGREEMENT TO ACQUIRE PORTFOLIO OF CARILLION FACILITY MANAGEMENT CONTRACTS IN U.K. WILL NOT BE PROCEEDING​.SAYS CARILLION ‍AGREEMENT WILL NOT BE PROCEEDING AS CERTAIN CLOSING CONDITIONS HAVE NOT BEEN MET​.SAYS WHILE CO IS DISAPPOINTED WITH CARILLION DEAL NOT PROCEEDING, CONTINUE TO PURSUE OPPORTUNITIES TO GROW GLOBAL BUSINESS INTO U.K..  Full Article

Brookfield Business Partners Qtrly Net Loss Per Limited Partnership Unit $1.25
Monday, 12 Feb 2018 06:45am EST 

Feb 12 (Reuters) - Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS REPORTS 2017 YEAR END RESULTS.BROOKFIELD BUSINESS PARTNERS LP QTRLY NET LOSS PER UNITHOLDER, EXCLUDING INCENTIVE DISTRIBUTION $0.35.BROOKFIELD BUSINESS PARTNERS LP - QTRLY NET LOSS PER LIMITED PARTNERSHIP UNIT $1.25.  Full Article

Brookfield Business Partners to buy 75 pct controlling interest in Schoeller Allibert
Friday, 5 Jan 2018 02:00am EST 

Jan 5 (Reuters) - Brookfield Business Partners Lp ::BROOKFIELD BUSINESS PARTNERS TO ACQUIRE CONTROLLING INTEREST IN SCHOELLER ALLIBERT IN PARTNERSHIP WITH SCHOELLER GROUP.DEAL FOR ‍FOR EUR 205 MILLION​.‍ENTERED INTO AN AGREEMENT TO ACQUIRE A 75% CONTROLLING INTEREST IN SCHOELLER ALLIBERT GROUP B.V.​.SAYS ‍STAKE IS BEING ACQUIRED FROM AN INDIRECT SUBSIDIARY OF JPMORGAN CHASE & CO​.  Full Article

Brookfield Business Partners To Acquire Westinghouse Electric Company
Thursday, 4 Jan 2018 09:09am EST 

Jan 4 (Reuters) - Brookfield Business Partners Lp ::BROOKFIELD BUSINESS PARTNERS TO ACQUIRE WESTINGHOUSE ELECTRIC COMPANY.BROOKFIELD BUSINESS PARTNERS TO ACQUIRE WESTINGHOUSE ELECTRIC COMPANY.BROOKFIELD BUSINESS PARTNERS LP - DEAL FOR ‍APPROXIMATELY $4.6 BILLION.BROOKFIELD BUSINESS PARTNERS - DEAL EXPECTED TO BE FUNDED WITH ABOUT $1 BILLION OF EQUITY, APPROXIMATELY $3 BILLION OF LONG-TERM DEBT FINANCING, AMONG OTHERS.BROOKFIELD BUSINESS PARTNERS - CO WILL COMMIT TO FUND APPROXIMATELY 50 PERCENT OF EQUITY ON CLOSING USING EXISTING LIQUIDITY​.BROOKFIELD BUSINESS PARTNERS LP - ‍ENTERED AGREEMENT TO ACQUIRE 100% OF WESTINGHOUSE ELECTRIC COMPANY, CURRENTLY OWNED BY TOSHIBA CORP​.BROOKFIELD BUSINESS PARTNERS - PRIOR TO/FOLLOWING DEAL, PART OF CO'S INVESTMENT MAY BE SYNDICATED TO OTHER INSTITUTIONAL INVESTORS.  Full Article

Brookfield Business Partners reports qtrly net loss attributable to limited partnership unit $0.15‍​
Monday, 6 Nov 2017 06:45am EST 

Nov 6 (Reuters) - Brookfield Business Partners LP :Brookfield Business Partners LP reports third quarter 2017 results.Qtrly net loss attributable to limited partnership unit $0.15‍​.Brookfield Business Partners LP - ‍expect newly acquired operations​ will contribute meaningfully to company's ffo in 2018.  Full Article

Brookfield Business announces $600 million equity offering
Tuesday, 19 Sep 2017 04:22pm EDT 

Sept 19 (Reuters) - Brookfield Business Partners LP :Brookfield Business Partners LP - ‍agreed to issue 6.7 million limited partnership units at price of $30.00/unit for proceeds of approximately $200 million​.Brookfield asset management, related entities to issue 6.9 million units at offering price for approximately $200 million​.Will also ‍ issue 6.7 million units at offering price by private placement for gross proceeds of approximately $200 million​.  Full Article

Great Canadian Gaming and Brookfield awarded GTA bundle in Ontario gaming modernization process
Tuesday, 8 Aug 2017 09:00am EDT 

Aug 8 (Reuters) - Brookfield Business Partners Lp :Great Canadian Gaming and Brookfield awarded GTA bundle in Ontario gaming modernization process.Great Canadian, co will acquire all gaming assets in GTA bundle through transition and asset purchase agreement with OLG.‍Great Canadian and Brookfield will have exclusive rights to operate assets for a minimum period of 22 years​.  Full Article

Brookfield Business Partners posts Q2 FFO per unit $0.40​
Tuesday, 8 Aug 2017 06:45am EDT 

Aug 8 (Reuters) - Brookfield Business Partners Lp :Brookfield Business Partners reports second quarter 2017 results.Qtrly ‍FFO per unit $0.40​.  Full Article

Teekay Offshore Partners and Brookfield announce strategic partnership
Wednesday, 26 Jul 2017 10:52pm EDT 

July 26 (Reuters) - Teekay Offshore Partners ::Teekay Offshore Partners Lp says Teekay and Brookfield announce strategic partnership and investment in teekay offshore.Teekay Offshore Partners - transaction includes a $640 million equity investment and other financing initiatives.Co and Teekay will invest $610 million and $30 million, respectively, in teekay offshore at price of $2.50 per common unit.Teekay Offshore Partners - co reached agreement in principle with lenders of arendal spirit ums debt facility to extend mandatory prepayment.Teekay Offshore Partners - will transfer its shuttle tanker business into a new, wholly-owned, non-recourse subsidiary, teekay shuttle tankers llc.Teekay Offshore Partners - majority of co's shuttle tanker fleet will be refinanced with new $600 million, 5-year debt facility.Teekay Offshore Partners - co's two 50 percent-owned vessels will be refinanced with a new $71 million, four-year debt facility.  Full Article

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How Canada's Brookfield snatched bargain assets amid Brazil panic

SAO PAULO Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity.

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